The Stanbic Bank Uganda PMI climbed to 50.5 in August 2022 from 48.2 a month earlier, with both output and new orders returning to growth. Also, purchasing activity rose but employment continued to fall, partly reflecting cost considerations, and new export orders fell for the past four months. Meanwhile, delivery times lengthened for a second successive month, with delays caused by poor road conditions, material shortages, and high transportation costs. In terms of prices, input cost continued to rise, often linked to higher fuel and transportation costs, but also reflecting increases in the price of items such as cement, sand, and food. In turn, output prices also rose further. Lastly, firms were optimistic regarding the year-ahead outlook, on growing hopes of price stabilization and an expansion in new orders. source: Markit Economics
Composite PMI in Uganda averaged 52.52 points from 2016 until 2022, reaching an all time high of 58.80 points in January of 2020 and a record low of 21.60 points in April of 2020. This page provides - Uganda Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Uganda Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Composite PMI in Uganda is expected to be 53.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uganda Composite PMI is projected to trend around 56.00 points in 2023 and 58.00 points in 2024, according to our econometric models.